• 24 May, 2024Cruise●Analysts at Morningstar say that Australia's Charter Hall Retail REIT's recent property sale should reduce its gearing (debt to equity ratio) to a moderate level●CQR announced on Wednesday the sale of its Rutherford Mall for A$49.8 mln ($32.87 mln), a premium to its book value as of Dec 2023●"We don't think the REIT needs to deleverage much further from here, but management could undertake more sales to reposition the portfolio" - Morningstar●Brokerage adds it is comfortable with CQR's current gearing, either way●Three of 10 analysts rate the stock "buy" or higher, seven "hold"; their median PT is A$3.80 – LSEG data
News: CQR Charter Hall Retail REIT Reconfirms Expects FY24 Operating Earnings To Be 27.4 Au Cents..., page-20
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Last
$3.34 |
Change
-0.040(1.18%) |
Mkt cap ! $1.929B | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.46 | $3.31 | $4.149M | 1.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13555 | $3.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.34 | 9893 | 5 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| CQR (ASX) Chart |